Fundamental view: Gold has struggled against the greenback during the trading course of the week. The US dollar came back in demand with the hawkish Fed expectations. Market now expects that the Fed will be forced to tighten its monetary policy sooner rather than later to contain stubbornly high inflation. This in turn weighs on the yellow [...]
Fundamental view: Gold traded high at the starting of the week but however, with confirmed Omicron cases in Europe and the UK showing mild symptoms, the yellow metal could not standout and fell against the greenback. The Hawkish comment of the Fed Powell further favored the greenback. While testifying before the US Senate Banking Committee, [...]
Fundamental view: Gold traded low and dipped to its lowest level since early November $1778 on Wednesday But showed a rebound on the second half of the week and closed on the negative territory by reaching $1849. The major reason behind the strength of the US dollar was a sharp upsurge in US Treasury bond [...]
Fundamental view: Gold struggled to build on the previous week’s inflation-fueled rally and ended with a weekly bearish candle. The Rising US Treasury bond yields favored the greenback and pressurized the Dollar in the beginning of the week. Later the upbeat US data favored the US dollar and underpinned the bearish trend of the pair. [...]
